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| Egypt Citadel to invest $1 bln in petchem plant |
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| Written by Egypt News | |
| Monday, 12 October 2009 | |
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Egyptian private equity company Citadel Capital is leading a consortium
that plans to invest $1 billion in equity in a second-stage
petrochemicals refinery near Cairo, a top company official said on
Monday
The project has a total value of around $3.5 billion, including $2.25 billion in debt, Ahmed Heikal, chairman and founder of the Cairo-based company, told Reuters on the sidelines of a private equity conference.
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